in € mn | Q1 2021* | Q2 2021* | Q3 2021 | Q4 2021 | FY 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | FY 2022 |
Sales VT Group | 2.302,0 | 2.094,9 | 1.913,8 | 2.037,8 | 8.348,5 | 2.258,6 | 2.165,0 | |||
(% growth y/y) | 8,9% | 61,8% | -13,0% | -15,8% | 4,0% | -1,9% | 3,3% | |||
For comparison: Global Light Vehicle Production 1 (mn units) | 20,66 | 18,75 | 16,62 | 21,17 | 77,20 | 19,74 | 18,76 | |||
(% growth y/y) | 15,8% | 48,3% | -19,1% | -10,2% | 3,5% | -4,5% | 0,0% | |||
Sales Electrification Technology | 165,2 | 147,2 | 128,9 | 145,8 | 587,1 | 161,7 | 147,0 | |||
(% growth y/y) | 86,2% | 188,1% | -2,6% | 9,0% | 44,6% | -2,1% | -0,1% | |||
Sales Electronic Controls | 984,4 | 888,9 | 806,8 | 855,8 | 3.535,9 | 946,3 | 922,2 | |||
(% growth y/y) | 3,7% | 53,5% | -19,1% | -23,0% | -2,8% | -3,9% | 3,7% | |||
Thereof Core Technologies | 602,2 | 547,7 | 503,0 | 553,5 | 2.206,4 | 604,8 | 621,5 | |||
(% growth y/y) | 1,0% | 42,1% | -22,5% | -19,7% | -4,9% | 0,4% | 13,5% | |||
Sales Sensing & Actuation | 876,5 | 807,9 | 746,7 | 786,1 | 3.217,2 | 885,9 | 844,4 | |||
(% growth y/y) | 11,5% | 67,0% | -3,7% | -9,8% | 10,3% | 1,1% | 4,5% | |||
Thereof Core Technologies | 674,0 | 625,1 | 603,2 | 632,3 | 2.534,7 | 713,1 | 673,3 | |||
(% growth y/y) | 12,4% | 61,8% | 2,9% | -4,9% | 13,3% | 5,8% | 7,7% | |||
Sales Contract Manufacturing | 285,7 | 260,4 | 241,0 | 262,9 | 1.050,0 | 278,9 | 270,0 | |||
(% growth y/y) | -3,4% | 40,2% | -20,8% | -16,2% | -4,5% | -2,4% | 3,7% | |||
Adjusted EBIT VT Group | 17,1 | 64,7 | 22,8 | 41,6 | 148,6 | 45,2 | 32,9 | |||
(% margin) | 0,7% | 3,1% | 1,2% | 2,0% | 1,8% | 2,0% | 1,5% | |||
Adjusted EBIT Electrification Technology | -73,3 | -66,1 | -69,2 | -64,4 | -273,0 | -68,1 | -69,7 | |||
(% margin) | -44,4% | -44,9% | -53,7% | -44,2% | -46,5% | -42,1% | -47,4% | |||
Adjusted EBIT Electronic Controls | 1,8 | 50,7 | 29,4 | 35,9 | 117,2 | 22,0 | 19,7 | |||
(% margin) | 0,2% | 5,8% | 3,6% | 4,2% | 3,3% | 2,3% | 2,1% | |||
Thereof Core Technologies | -2,2 | 41,3 | 20,6 | 62,1 | 121,2 | 12,4 | 7,2 | |||
(% margin) | -0,4% | 7,7% | 4,1% | 11,2% | 5,5% | 2,1% | 1,2% | |||
Adjusted EBIT Sensing & Actuation | 67,1 | 71,2 | 52,5 | 75,4 | 269,2 | 84,3 | 84,1 | |||
(% margin) | 7,7% | 8,9% | 7,0% | 9,6% | 8,4% | 9,5% | 10,0% | |||
Thereof Core Technologies | 62,5 | 84,9 | 58,3 | 60,0 | 265,7 | 93,4 | 89,9 | |||
(% margin) | 9,3% | 13,6% | 9,7% | 9,5% | 10,5% | 13,1% | 13,4% | |||
Adjusted EBIT Contract Manufacturing | 20,8 | 12,1 | 10,4 | -0,6 | 42,7 | 9,2 | 8,2 | |||
(% margin) | 7,3% | 4,6% | 4,3% | -0,2% | 4,1% | 3,3% | 3,0% | |||
Research & Development Expenses (net) | 197,4 | 187,4 | 170,0 | 137,9 | 692,7 | 179,4 | 188,5 | |||
(% margin) | 8,6% | 8,9% | 8,9% | 6,8% | 8,3% | 7,9% | 8,7% | |||
Depreciation & Amortization | 156,8 | 147,4 | 155,9 | 24,3 | 484,4 | 134,9 | 141,5 | |||
(% margin) | 6,8% | 7,0% | 8,1% | 1,2% | 5,8% | 6,0% | 6,5% | |||
EBT | 9,8 | 39,4 | -56,0 | 40,3 | 33,6 | 21,8 | 24,9 | |||
(% margin) | 0,4% | 1,9% | -2,9% | 2,0% | 0,4% | 1,0% | 1,2% | |||
Effective Tax Rate | 424,0% | 99,5% | -63,4% | 97,5% | 463,1% | 151,8% | -47,4% | |||
Net Result | -31,7 | 0,2 | -91,5 | 1,0 | -122,0 | -11,3 | 36,7 | |||
(% margin) | -1,4% | 0,0% | -4,8% | 0,0% | -1,5% | -0,5% | 1,7% | |||
Operating Cash Flow VT Group | 240,8 | 105,0 | -134,7 | 207,7 | 418,9 | 108,2 | 105,2 | |||
(% of sales) | 10,5% | 5,0% | -7,0% | 10,2% | 5,0% | 4,8% | 4,9% | |||
Capex VT Group | 44,3 | 101,7 | 118,2 | 177,1 | 441,3 | 52,1 | 112,5 | |||
(% of sales) | 1,9% | 4,9% | 6,2% | 8,7% | 5,3% | 2,3% | 5,2% | |||
Free Cash Flow VT Group | 239,1 | 65,7 | -213,2 | 21,7 | 113,3 | 48,2 | 1,6 | |||
(% of sales) | 10,4% | 3,1% | -11,1% | 1,1% | 1,4% | 2,1% | 0,1% | |||
Balance Sheet Total | 8.248,4 | 8.289,6 | 7.123,2 | 7.408,1 | 7.408,1 | 7.901,0 | 7.802,6 | |||
Equity Ratio | 33,8% | 32,0% | 37,1% | 36,3% | 36,3% | 35,9% | 40,4% | |||
Working Capital | 423,7 | 309,1 | 495,2 | 366,4 | 366,4 | 437,0 | 415,4 | |||
Working Capital/LTM Sales | 5,2% | 3,4% | 5,7% | 4,4% | 4,4% | 5,3% | 5,0% | |||
Short- and Long-Term Financial Debt | 239,3 | 1.156,1 | 193,4 | 268,9 | 268,9 | 483,3 | 469,8 | |||
Cash & Cash Equivalents (as stated) | 273,6 | 971,8 | 583,9 | 614,0 | 614,0 | 857,4 | 810,1 | |||
Cash & Cash Equivalents (de facto cash until Q2/21) | 881,5 | 817,4 | n.a. | n.a. | n.a. | n.a. | n.a. | |||
Net Financial Debt | -642,1 | -580,4 | -390,5 | -345,1 | -345,1 | -374,1 | -340,3 | |||
Net Financial Debt/LTM adj. EBITDA | -1,3 | -0,8 | -0,6 | -0,5 | -0,5 | -0,5 | -0,5 | |||
- Restatement of Q1 and Q2 2021 figures due to consolidation changes
1 Based on IHS Markit, Light Vehicle Production Forecast as of 07/2022 Capex excluding right of use assets (IFRS 16)
Until Q2 2021, de facto cash position including payables and receivables from financing with Continental AG
Net financial debt prior to spin-off can not be reconciled between cash and short- and long-term financial debt due to intercompany financing with Continental AG
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Vitesco Technologies Group AG published this content on 02 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2022 08:15:03 UTC.